Does anyone know if homes under $200K are getting multiple offers?

Asked by Donny Opoku, Ladera Heights, CA Wed Jan 30, 2013

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Gail Mercedes Cole’s answer
Gail Mercedes…, Agent, Los Angeles, CA
Sun Feb 17, 2013
Yes they are. These homes maybe in areas with a gut of foreclosures and short sales. Many times they are older fixer upper homes. Investors tend to go into this price market fix the homes up and flip them at a higher price. That price range make it very competitive for buyers interested in owner occupance and with minimal amount down payments. Investors may have all cash.
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Dorene Slavi…, Agent, Torrance, CA
Thu Nov 28, 2013
Homes in that price range would likely have a lot of interest (depending on the location of course!)
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The Medford…, Agent, Fremont, CA
Tue Feb 5, 2013
In many cases lower priced homes are getting MORE multiple offers because there is a large group of buyers (including investors) looking in the lower price points.
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Angie Simpson, Agent, Studio City, CA
Wed Jan 30, 2013

I imagine it depends on what neighborhood you are looking in. I can tell you that nearly every single family home in the San Fernando Valley is getting multiple offers - regardless of the price.

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